Fox News: The U.S. Is Now the World’s Largest Exporter of Fossil Fuels

‘The move is actually turning world markets upside down and putting the U.S. in a position to control the energy sector’

EXCERPT:

LA JEUNESSE: "Julie, years ago, North Dakota wasn’t even on the map when it came to oil production. Now it’s number two behind Texas. This refinery takes shale oil and turns it into diesel fuel and another one down the road into gasoline. This is in many ways the great untold story of the last decade, the turnaround in U.S. Energy markets. Here are some stats: We used to get 70 percent of our oil from OPEC, now it's just 34 percent. 10 years ago we produced only 5 million barrels of oil a day. Now we’ve doubled that to 9.6 and sometime next year we could overtake Saudi Arabia as the number two producer. In 2005, we imported 12 million barrels of oil, now we’re exporting 7 million. In natural gas, the revolution even more stunning. 15 years ago we imported 80 percent of our natural gas. Now we're the world’s largest producer and we're exporting it by pipeline to Mexico and Canada and by tanker to Europe."

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